Recent content by neko

It happened to me!We had our PPOR bought by the Queensland Government to build there Traveston Dam. I had $250K left over after paying off our mortgage, cars and credit cards. We bought our 1st in 2003, so with our money we decided to stay with what we knew. Between March and July last year we...

I am a hairdresser and a mum to 2 kids aged 6 and 12, and my hubby is the manager of an asphalt company.

What a great story! I think that it is so lovely that the previous owners had a change of heart. Something as trivial as $1000 hws ( when you have just spent sooooo much on buying your IP) can leave a bad taste in your mouth and leave you very untrusting next time you buy a property. The...

Hi fozzy, I have bought our last 3 IP's as tenants in common. 2 of our IP's are 99% in my partner's name and 1% in mine, for the most benefit as they are negitively geared and my partner is the bread winner. Our last purchase we paid a large cash deposit which made the property positively...

Hi everyone, my mum is having a bad time with one of her IP's and I wanted to ask anyone out there if they have ever experienced something similar or can offer any suggestions. Unit at GC is rented for $400p/w, tenants have gotten behind on rent, and already used up the two weeks in adv, so...

I know the bad taste this leaves in your mouth! Similar happened to us I also put it on the forum, it was called "learning the hard way". Ethical or not the best thing that I got from a similar situation is that you will learn from it. And even if everything is so right with the house that is...

We are in the uninsured group, we are 32 and have 2 kids, for the most part the public system, especially when it has been our kids needing emergency treatment, has been great. But 2 weeks ago my son, (he's 11) had a high speed accident on a motorbike (he races mx and has done since he was 4...

Thanks to everyone for the speedy reply.The asking price is $170k and it is currently tenanted at $220p/w. This would be IP#5 for us and I have just been to the bank organizing IP#4's finance and ran this thought past my bank manager. Finance is not a problem, I can borrow full costs and...

Hi, I have a question? If you found a house very rentable and appealing to the eye, everything going for it, but it does get a foot of water through it when it floods( which on average happens once every 10 yrs). That is why it is so cheap, and with it currently rented for more than what the...

Thanks for the advice there Les, yes I am in a sweet position, and I know that I am doing the right thing putting my money back into property. You would think that with 3 IP's to our name we would have a clue what we are doing. Our 1st IP was purchased nearly 4 yrs ago, and I have managed...

I know your so right Lizzie, thanks for putting it into prospective again, at least I have learnt from the experience, anyway after a busy morning on the internet and phone I have tee'd up 3 more to look at this arvo. At the end of the day it is just business and I am sorry to say that when I...

I totally agree with you Whylie but if she had of put in her offer on the same day there would be nothing to complain about, it is just the fact that we(the seller and I) had already gone back and forth with offers and counter offers and the other woman has come forward 2 days later. But the...

Hi again, just thought I should share my sour experience with a real estate agent this week. I found a house that I thought could potentially be IP #4 last Saturday morning. I called the agent to arrange a time for a look. As the house is tenanted 24 hrs notice was needed, and being Saturday it...

Thanks for the feedback guys, I know what you mean with having a PPOR that feels like home, and I guess the bit I am struggling with is the fact that we are still in our home now and not knowing how long it will be until we have to move on? Anyway thanks again.

Hi all, we have a very unique situation which I would love to hear any body's opinions or ideas, I'll try to give you the uncomplicated version. My partner and I are in our early 30's with two kids. We bought our PPOR 8 years ago on the Sunshine Coast. In 2003 we used the equity in our house to...